Trump claims tariffs could eliminate income taxes for Americans under $200,000, but experts are skeptical.
From Yahoo Finance: 2025-06-22 06:06:00
President Donald Trump claims tariffs could eliminate income taxes for many Americans, focusing on those earning less than $200,000 annually. However, experts doubt this claim, stating that the revenue generated from tariffs would cover less than 25% of the cost of eliminating income taxes for this group.
While Trump’s proposal may face challenges, investors can minimize taxes by borrowing against stocks rather than selling them. This strategy allows them to access cash without triggering taxable events, preserving and compounding wealth over time.
Another tax-efficient investment strategy is owning an S&P 500 index fund, as recommended by Warren Buffett. This approach provides exposure to top American companies without the need for constant monitoring or active trading, making it accessible to investors of all wealth levels.
Real estate investing offers generous tax benefits, including deductions for expenses like mortgage interest and depreciation. Investors can now tap into the real estate market through platforms like Homeshares, providing exposure to owner-occupied homes with risk-adjusted returns ranging from 14% to 17%.
For accredited investors seeking higher returns in commercial real estate, First National Realty Partners (FNRP) offers a turnkey solution specializing in grocery-anchored retail properties. With a minimum investment requirement of $50,000, investors can passively earn distribution income while benefiting from FNRP’s expertise and deal leadership. Investments in necessity-based assets are performing well amidst economic volatility and inflation concerns. You can consult experts, explore deals, and make allocations through a personalized, secure online portal. This article serves as information only and not as financial advice, with no warranty provided.
Read more at Yahoo Finance: Trump claims tariffs could ‘eliminate’ income tax for Americans making under $200,000